Summit Financial LLC Has $16.85 Million Stake in Avantis International Equity ETF $AVDE

Summit Financial LLC grew its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 204,706 shares of the company’s stock after buying an additional 10,580 shares during the period. Summit Financial LLC’s holdings in Avantis International Equity ETF were worth $16,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in Avantis International Equity ETF by 4.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,102,049 shares of the company’s stock worth $429,545,000 after purchasing an additional 206,717 shares during the last quarter. Ameriprise Financial Inc. grew its position in Avantis International Equity ETF by 357.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after purchasing an additional 3,853,677 shares during the last quarter. Corient Private Wealth LLC grew its position in Avantis International Equity ETF by 4.1% in the 2nd quarter. Corient Private Wealth LLC now owns 4,047,220 shares of the company’s stock worth $299,535,000 after purchasing an additional 160,657 shares during the last quarter. American Century Companies Inc. grew its position in Avantis International Equity ETF by 8.8% in the 3rd quarter. American Century Companies Inc. now owns 3,671,927 shares of the company’s stock worth $289,715,000 after purchasing an additional 295,670 shares during the last quarter. Finally, LPL Financial LLC grew its position in Avantis International Equity ETF by 41.7% in the 4th quarter. LPL Financial LLC now owns 3,266,571 shares of the company’s stock worth $268,904,000 after purchasing an additional 961,586 shares during the last quarter.

Avantis International Equity ETF Price Performance

NYSEARCA AVDE opened at $89.98 on Friday. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 14.71 and a beta of 0.77. The company’s fifty day moving average is $89.74 and its two-hundred day moving average is $86.81. Avantis International Equity ETF has a 52-week low of $72.08 and a 52-week high of $92.60.

Avantis International Equity ETF Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.